German steel producer Salzgitter's first-quarter consolidated profit drops 90% to €15m due to decreased EBIT, EBITDA, and external sales.
German steel producer Salzgitter reported a 90% drop in its first-quarter consolidated profit to €15m from €140.5m in 2021 due to a decrease in EBIT and EBITDA, along with a 10.2% drop in external sales. The Technology Business Unit's performance and an Aurubis AG contribution are cited as reasons for the decline. Salzgitter expects sales of around €10.5bn and an EBITDA between €550m-€625m in 2024.
May 13, 2024
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